Real Estate for Real People

In this podcast episode, the Sisters chat with Amanda Van Der Lee, owner of How to Host. She discusses the process of renting out properties on Airbnb as well as the Airbnb regulations in Kelowna, British Columbia. Amanda talks about her company, How to Host, which offers property management services, interior design, and cleaning services for Airbnb and rental properties. She also discusses the popularity and profitability of different types of rental properties in the Okanagan region, the impact of increasing supply on vacancy rates, and the screening process for guests and potential damages to properties. Amanda emphasizes the importance of creating a unique and memorable vacation rental experience. Amanda Van Der Lee stumbled upon the world of Airbnb when she transitioned from her 11 year career in the insurance industry to brokering mortgages. She was looking to bridge a temporary gap in income and wound up falling in love with the industry. Through How to Host, she integrated her two passions - design & business. By combining these, she began to revive the boring world of property management and add a fun and intricate twist to the industry. What We Discuss: [00:05:30] The requirements of obtaining a license for short-term rental properties in Kelowna, and the time it takes to get licensed. [00:02:08] Amanda shares her journey of transitioning from being an insurance broker to starting a property management company specializing in Airbnb rentals. [00:10:08] The current challenges faced by the condo market due to oversupply and lack of amenities. [00:11:07] Exploring the pros and cons of investing in a condo versus a house, considering factors such as budget, usage, and potential returns. [00:12:05] The potential effects of the upcoming influx of over 400 new luxury condos on the vacation rental market and the competition it may create. [00:19:57] The strong demand for downtown and waterfront areas as popular locations for condos and houses. [00:20:43] What is the average nightly rent for a two-bedroom condo with amenities? [00:22:46] How to screen guests and the challenges of maintaining properties including damages, cleanliness and reviews. [00:29:25] Amanda discusses the importance of making vacation rentals unique and creating an experience for guests. [00:30:53] Exploration on the different websites used for promoting vacation rentals, and Amanda mentions Airbnb, VRBO, their private booking site, and Google. Episode Resources: How to Host | Website How to Host | Instagram

In this podcast episode, Kim Appelt, a fashion designer and TV personality, joins the hosts of the podcast "Real Estate for Real People" to discuss dressing for success and creating personal style. They delve into the importance of decluttering one's closet and letting go of items that no longer serve a purpose. Kim shares tips on organizing and refreshing a wardrobe, including using velvet hangers and investing in quality pieces. She also emphasizes the significance of understanding one's body type and incorporating personal style into everyday outfits. Kim Appelt is a leading celebrity fashion stylist, TV personality, and YouTuber. Professionally trained as a fashion stylist in New York, she returned to Canada and established herself as a namesake in the country's fashion industry, working with a multitude of high-caliber clients, ranging from personal, musical, models, and A-list red carpet celebrities. She currently lives in downtown Toronto with her family. What We Discuss: [00:04:11] The importance of decluttering your wardrobe and how it can have a positive impact on your mindset and energy. [00:11:19] Why it's a good idea to buy high-quality clothing + the impact of low-quality items. [00:12:13] Exploring the option of selling luxury items and buying new pieces from consignment stores. [00:16:09] Tips on discovering personal style by reflecting on childhood preferences and incorporating them into current fashion choices. [00:17:16] Kim discusses how her personal style, influenced by her childhood in Botswana, still defines her fashion choices today. [00:18:00] How to incorporate femininity into your style, even if your lifestyle requires more practical clothing choices. [00:18:47] The importance of understanding one's body type and how it affects fashion choices. [00:28:21] Kim discusses her favourite places to find style inspiration, including Instagram and Pinterest. [00:30:30] Emphasis on the importance of not being hard on oneself and having fun with fashion, while also being thoughtful in what you buy. [00:31:57] Kim shares where people can find her, including her Instagram and Pinterest accounts, as well as where to purchase her book. Episode Resources: Kim Appelt | Website Kim Appelt | Instagram

In this podcast episode, The Sisters, Shannon and Tamara Stone sit down with Peter Borszcz to discuss the legal aspects and precautions related to fire season in the Okanagan region of British Columbia. They highlight the importance of including clauses in real estate contracts to protect buyers in case of a fire, such as force majeure clauses and subject to insurance clauses. They also emphasize the need for obtaining insurance well in advance and the role of real estate agents in guiding clients through these processes. Peter Borszcz is a Lawyer and partner at Montgomery Miles and Stone Law Firm. Peter practices in the areas of business law, real estate development, real estate regulation and licensing, commercial lending and commercial real estate, with an emphasis on shopping centres, agricultural businesses (including vineyards and wineries), liquor licensing, telecommunications and utilities, commercial financing, and residential, commercial and resort developments. Peter has worked on numerous projects for business owners, developers, mobility and utility providers, and institutional lenders. Peter has extensive experience in the following areas: structuring co-ownership, joint venture, and limited partnership relationships for real estate development projects; representing institutional lenders in real estate financing transactions; representing parties in the acquisition and sale of wineries and agricultural businesses; assisting with the acquisition, sale, relocation and purchase of liquor licenses; representing both landlords and tenants in commercial, retail and industrial leasing transactions and advising clients with respect to zoning, bylaw and other real estate regulatory compliance matters. In addition to his work at the firm, Peter Borszcz is a legal-update instructor for the Real Estate Council of British Columbia and teaches both Commercial Legal Update and Residential Legal Update to real estate licensees across the province. When not in the office, Peter enjoys spending time with his two children, swimming, skiing, sailing, and enjoying everything the Okanagan has to offer. What We Discuss: [00:03:58] Explanation of what a force majeure clause is in real estate contracts, and its purpose in providing a 30-day extension in case of unforeseen events. [00:05:04] Importance of obtaining insurance well in advance of closing and the shift in industry practices due to recent events like wildfires and floods. [00:08:57] Requirements for using the force majeure clause, including showing best efforts to obtain insurance and activating the clause within the three-day period prior to closing. [00:09:58] Discussion on the details and implications of the force majeure clause, including the 130-day extension and its effect on independent deals. [00:11:43] Explanation of covenants related to fire and flood zones, including requirements for non-combustible materials and flood preparedness. [00:16:24] Explanation of sellers' legal rights and potential adjustments to the purchase price in case of property damage, as well as the binding nature of the contract for buyers and the importance of joint conversations with realtors and lawyers. [00:19:24] Discussion on the options available when a property is completely destroyed and the buyer still wants to proceed with the purchase. Episode Resources: Montgomery Miles & Stone Law Firm | Website

In this podcast episode, real estate professionals Shannon and Tamara Stone are joined by interior stylist Hannah Thomas to discuss the importance of staging a home for sale. They debunk the misconception that staging means removing all personal items and explain that it's about creating a welcoming atmosphere. They discuss the importance of curb appeal, using neutral colours, and creating inviting entrances. Hannah also shares tips for lightening up dark spaces, staging kitchens and walk-in closets, and removing personal items from bedrooms. They emphasize the need to create spaces where potential buyers can envision themselves living. Hannah offers remote consultations for clients outside the Okanagan area. Interior designer, Hannah Thomas, brings her natural design flair to commercial and residential projects across the Okanagan and virtually around the world. Hannah is skilled at showcasing the natural beauty of any space through design elements and combining function with beauty regardless of your budget. A child of the 70s growing up in a small mining village in Wales, Hannah credits the start of her career with hanging wallpaper with her dad as a child and strives to bring that same playful and creative element to all of her projects. Today, Hannah's work combines function with beauty. She helps her clients maximize the potential and appeal of every square inch, every room and every occasion. What we discuss: [00:00:00] Tips on packing and colour-coordinating clothes for moving, including the importance of smelling good. [00:04:31] Hannah talks about creating curb appeal, including using greenery, keeping colours neutral, and ensuring proper maintenance. [00:08:34] Hannah shares how to make a dark home look brighter, including using lighter colours, accessories, and curtains. [00:09:12] Hannah stresses the importance of using white accessories, such as towels, in bathrooms to create a fresh and new impression. [00:10:33] The group have a discussion on whether to paint dark kitchen cabinets or accessorize with white items, such as backsplash, KitchenAid, or hardware. [00:17:15] The group discuss whether knife blocks should be removed from the kitchen for staging purposes. [00:18:15] Tips on staging the kitchen, including adding greenery and clearing counter space. [00:20:24] Hannah shares how to get rid of fruit flies in the kitchen, including using corks in the fruit bowl. [00:25:22] Hannah talks about the importance of neutralizing and depersonalizing bedrooms, including removing sex toys and personal items. [00:26:33] Hannah explains how you should use of white bedspreads in bedrooms and the recommendation to remove rugs in most areas of the house for a more streamlined and spacious look. [00:28:35] Tips on arranging furniture closer together for a cozy feel and clearing spaces near windows to maximize natural light and views. Episode Resources: Hannah Thomas | Website Hannah Thomas | Instagram

This week's episode features Alex J Wilson, President and Founder of Wealth Builders Real Estate Broker Owner, who shares his insights on real estate investing. Alex emphasizes the importance of buying and holding real estate for the long term, rather than seeking quick profits. He goes over the best amortizing period for maximum ROI, and encourages listeners to think long-term and consider the potential value of their real estate portfolio in the decades to come. Alex J Wilson, RE/MAX #1 Realtor 2022, Wealth Builder, and Owner and Broker of records for RE/MAX Wealth Builders. Alex has been selling real estate in Toronto for over 15 years. In 2022 he was recognized as the number one RE/MAX agent in Canada for individual transactions. He is also number four for commissions in Canada and eleven for commissions worldwide for RE/MAX. As an individual, he was inducted into the RE/MAX Hall of Fame Award of the RE/MAX Lifetime Achievement Award at 35 and entered the RE/MAX Circle Legends Award at 40. Alex is passionate about helping people build generational wealth through the power of real estate. What we discuss: [00:03:03] Alex emphasizes the importance of holding onto real estate investments for at least 30 years to maximize returns and avoid losing money. [00:04:28] Alex explains how leveraging mortgages and compound annual growth can lead to significant wealth accumulation in real estate investments over time. [00:07:50] Alex explains how owning real estate can help build a pension plan, using leverage and long-term investment strategies. [00:09:00] Shannon and Tamara Stone discuss the stability of real estate investments, citing population growth and low vacancy rates as factors. [00:13:33] Alex discusses the potential for real estate investment in Calgary, citing its affordability, strong economy, and diversification efforts. He also addresses concerns about the city's boom and bust cycles and vacancy rates. [00:16:20] Alex discusses the statistical demographic data for population growth in Alberta, which is expected to grow by 48% over the next two decades. [00:17:42] Shannon and Tamara Stone talk about the affordability and economic growth in Calgary, including the low corporate tax rate, no provincial sales tax, and no land transfer tax. [00:22:49] Alex predicts that Calgary will take an outsized role in taking in new Canadians due to its affordability and international airport, leading to a true multinational and multi-ethnic city in Canada. [00:24:14] Discussion on the challenges of managing tenants, particularly with a large portfolio, and the benefits of owning condos over single-family homes. [00:29:09] Advice on the ideal size of condos to invest in, depending on the market, and the importance of having a second bedroom or den for remote work. [00:31:51] Insight into the Calgary real estate market, its affordability, and potential for growth, as well as advice on buying property for children and investing in multiplexes. [00:31:50] Shannon and Tamara discuss the importance of networking in the real estate industry. [00:32:10] The speakers talk about the challenges faced by real estate agents, including the need to constantly generate leads. Episode Resources: Alex J Wilson | Website Alex J Wilson | Linkedin Alex J Wilson | Youtube Alex J Wilson | Instagram

In this podcast episode, real estate professionals Tamara and Shannon Stone discuss the current state of the real estate market. They note that while the market is still busy, it is not as frenzied as during the height of the pandemic. They compare current inventory levels to those of 2019 and discuss the significant increase in average prices. They also mention that interest rates have remained stable, making the cost of living more expensive. They conclude by highlighting the shortage of good properties and the return of a more balanced and negotiating market. What we discuss: [00:00:38] Discussion on the current inventory levels in the real estate market, comparing it to previous years and the impact of COVID-19. [00:02:02] Comparison of the number of homes sold in different years, highlighting the increase in sales in 2021 and 2022 compared to 2020 and 2019. [00:03:16] Comparison of the average house prices in 2019 and the current year, emphasizing the significant increase in prices despite a slight decrease from last year. Episode Resources: The Stone Sisters | Website The Stone Sisters | Facebook The Stone Sisters | Instagram

In this episode of the Real Estate for Real People, Doug Gilchrist, the City Manager of Kelowna, shares his insights on the city's policies for sustainable growth through urban densification and the importance of alternative modes of transportation. He stresses the importance of creative housing development to adapt to demographic changes and supports streamlined processes for new developers in Kelowna. Gilchrist also shares his excitement about the city's plans for improving water and sewer services and the rebuild of Parkinson Rec Center.  City of Kelowna Podcast, City Manager, CAO of Kelowna. Meet Doug. Doug Gilchrist is the Chief Administrative Officer for the City of Kelowna. When he's not strengthening the partnership between the City of Kelowna and the tech community, you'll find Doug skiing, boating, hiking, or coaching his son's lacrosse team. What we discuss: [00:00:00] Doug discusses the city's growth and development policies, including the approval of policies that may not see the fruits of that labour for quite a number of years. [00:04:45] Doug talks about the city's plan for growth, including infill and urban densification as the policy guidance, and the densification of neighbourhoods. [00:08:23] The hosts ask about the plan for the roads, including the possibility of overpasses, and Doug talks about the high transportation corridors and the need to connect those town centers. [00:08:41] Doug discusses the city's plans for pedestrian overpasses and enhanced cycling infrastructure, including the construction of a new pedestrian overpass at Central Green. [00:13:35] Doug talks about the city's plans for population growth and development, including the possibility of a bypass and the extension of Clement from Springfield to the university. [00:15:41] Doug discusses the city's infill program, which allows for four units on a lot, and the potential for expanding this program in all of the city's areas in and around town centers. [00:17:39] Doug discusses the need for creative housing solutions to adapt to demographic changes and the market's needs. [00:20:04] The hosts ask about the ease of the development process and permit process for new developers in Kelowna, and Doug explains the city's current infill program and advancements in technological advancements to improve the process. [00:24:35] Doug expresses his excitement for the potential development of the North End and the Tolko lands on the waterfront, which will include public access to the waterfront and high amenities within the development. [00:27:40] Doug talks about the growth of UBC, including their targets for residential on campus and the construction of new buildings. [00:28:39] The guest speaker and Doug discuss the rejuvenation of the downtown core, with more people living and enjoying the area, and the importance of a mix of residential and employment uses. [00:29:29] Doug mentions the largest private sector employer in Kelowna, KF Aero, as well as the school district, interior health, and the two post-secondary institutions, UBC and OC, as big players in terms of overall employment. Episode Resources: Doug Gilchrist | Linkedin Doug Gilchrist | Kelowna Talks Podcast

In this episode of "Real Estate for Real People," hosts Shannon and Tamara Stone discuss the use of artificial intelligence (AI) in real estate and everyday life. They share their experiences using chat GPT for writing, creating content, and finding recipes, while also acknowledging the potential risks associated with AI technology, such as the ability to duplicate voices and create fake videos. The hosts emphasize the importance of using AI safely and responsibly, staying informed, and maintaining personal connections with clients in the real estate industry. They invite listeners to share their thoughts and experiences with AI and plan to revisit the topic in the future. What we discuss: [00:01:06] Shannon and Tamara discuss their experiences using the chat GPT platform and how it has helped them with writing, creating content, and finding recipes. [00:05:47] Shannon and Tamara discuss the potential risks and concerns associated with AI technology, such as the ability to duplicate voices and create fake videos. [00:06:43] Shannon and Tamara share tips on how to use AI safely and responsibly, including deleting chat conversations to prevent AI from learning on its own. [00:07:22] Shannon and Tamara discuss the increasing use of AI in everyday life, including their experiences with the chat GPT platform and the potential risks and concerns associated with AI technology. [00:10:12] The hosts discuss the use of AI in marketing, including how companies use data to personalize coupons and advertisements for individual consumers. [00:13:42] Shannon and Tamara emphasize the importance of adapting to new technology, including AI, in order to stay informed and competitive in the real estate industry. They also stress the importance of maintaining personal connections with clients despite the increasing use of AI. [00:15:44] Shannon and Tamara plan to revisit the topic of AI in October or November to discuss the changes and advancements in the field. [00:15:28] Shannon and Tamara discuss the potential risks and concerns associated with AI technology, such as the ability to duplicate voices and create fake videos. To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

This episode of "Real Estate for Real People", hosted by the Stone Sisters, features an interview with Christopher Alexander, President of RE/MAX Canada. He talks about the challenges of staying on top in the industry and the importance of membership and community. Alexander also discusses the current state of the Canadian real estate market, emphasizing the need for a national housing strategy and smarter adaptation to change. The interview ends with a discussion on the demographics of realtors in Canada and the importance of professionalism in the industry. Christopher Alexander oversees operations for the company-owned RE/MAX Canada region, which includes Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island and Saskatchewan. Christopher began his career as a RE/MAX Sales Associate at an independently owned and operated brokerage in 2010 before joining sub-master franchise RE/MAX INTEGRA as a Franchise Sales Consultant in 2014. He then served as Chief Strategy Officer and Executive Vice President of RE/MAX INTEGRA, and was responsible for the day-to-day operations as well as developing and overseeing business strategies. He joined RE/MAX, LLC as Senior Vice President of RE/MAX Canada in July 2021 and was named President of RE/MAX Canada in November 2021. What we discuss: [00:01:03] Christopher Alexander discusses the history of RE/MAX Canada. [00:04:34] Christopher shares his personal experience working for RE/MAX, including starting as a janitor and eventually becoming President of RE/MAX Canada. [00:08:14] Christopher discusses the recent merger of RE/MAX Canada and RE/MAX Integra to form RE/MAX Canada, and the creation of a powerhouse real estate company. [00:13:26] Christopher talks about the disruption in the real estate industry and how different entrepreneurs are trying to make things cheaper, faster, and more efficient. [00:18:07] Christopher and the host discuss the sense of community and belonging that comes with being a part of the RE/MAX brand, using the term "membership" to describe it. [00:21:01] Christopher discusses the state of the Canadian real estate market, the limited inventory, and the unsustainable growth. [00:24:08] Christopher talks about the challenges in the Canadian housing market, the lack of a national housing strategy, and the need for all three levels of government to work together. [00:29:26] Christopher discusses the need for realtors to work smarter, adapt to change, and focus on productivity rather than social media fame. [00:30:29] Discussion on the average age and experience of realtors in Canada, and the shift towards more first-career realtors. [00:32:29] Forecast for the Canadian real estate market, including the recent increase in activity, mortgage rates, and potential for a competitive marketplace in the fall. [00:34:56] Advice for homebuyers, including the importance of patience, not overextending oneself, and making sure the property meets one's criteria. Episode Resources: Christopher Alexander | Linkedin  Christopher Alexander | Website  To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

In this episode of "Real Estate for Real People," hosts Tamara and Shannon Stone discuss the value of real estate in the Okanagan Valley, particularly in Kelowna, compared to other cities in the world. They highlight the potential growth of the high-end real estate market in the area and compare it to other cities like Vancouver and Toronto. The hosts also discuss the investment potential of real estate in the Okanagan Valley and address concerns about the market dropping. They address common concerns about the market, providing listeners with a well-rounded perspective on the real estate industry in the area. Overall, this episode is a must-listen for anyone interested in the real estate market in the Okanagan Valley. The Stone Sisters encourage listeners to reach out with any questions about the real estate market. What we discuss: [00:01:18] Tamara and Shannon discuss the value of real estate in Kelowna compared to other places in the world, such as the recent sale of a $239 million condo in New York City. [00:01:54] Tamara and Shannon discuss the potential growth of the Okanagan Valley's real estate market, comparing it to Napa Valley and the changing climate. [00:05:15] Tamara and Shannon discuss the current market for properties over $10 million in Central Okanagan, including the most expensive property for sale listed at just under $46 million and the five properties that have sold over $10 million in the past. [00:09:55] Tamara and Shannon discuss the growth of the high-end real estate market in the Okanagan Valley, with five properties selling over $5 million in the last six months. [00:11:17] The hosts compare the real estate market in the Okanagan Valley to other markets, such as Napa Valley and Toronto, and discuss the potential for buyers to sell their properties in other markets and move to the Okanagan. [00:15:25] Tamara and Shannon discuss their efforts to promote the Okanagan Valley as a desirable place to live, with its international airport, high-tech industry, and cultural offerings. [00:17:06] Discussion on the investment market in Kelowna compared to Toronto and Vancouver, and the potential for positive cash flow and appreciation. [00:18:13] The hosts discuss the steady increase and appreciation in real estate values in Kelowna, as well as the lack of supply and sales of high-priced properties. [00:19:09] The hosts mention the most expensive non-waterfront property sold in Kelowna for $44 million and compare it to the most expensive property for sale at just under $46 million, highlighting the value in Kelowna's real estate market.

In this episode of the "Real Estate for Real People" podcast, Tamara interviews Juliana Wong, owner and operator of JWC Mortgages, a mortgage brokerage firm. Juliana shares her expertise on getting a mortgage and qualifying for one, emphasizing the importance of finding the right fit for each client and working creatively to make it work for them. They discuss the current state of the real estate market in Kelowna, British Columbia, and the importance of being pre-approved for a mortgage before making an offer on a property. Juliana also explains the requirements for first-time homebuyers to qualify for a property tax exemption. Juliana Wong has been in the industry since 2017, and has extensive knowledge around mortgage products and problem solving in complex client scenarios. She is the owner and operator of JWC Mortgages - a team of strong, educated, and passionate women who are ready to help and support people with any home financing needs. She has spent over 10 years working as a Respiratory Therapist in an acute care hospital. This has provided her with an advanced skill set of critical thinking that sets her apart from others in the industry. A mom of two children, Juliana knows how to keep moving forward, despite any obstacle. What we discuss: [00:01:12] Juliana shares her story of becoming a mortgage broker and her experience in the industry. [00:06:48] Juliana explains the stress test rules and how they affect qualifying for a mortgage, including the importance of managing debt and finding the right fit for the borrower. [00:09:09] Tamara discusses the market fluctuations and population growth in Colonna, and how it affects the real estate market. [00:11:06] Juliana talks about the benefits of shorter-term rates and refinancing after the market stabilizes. [00:13:31] Juliana explains the different types of mortgage penalties and the importance of working with a broker to avoid them. [00:18:30] Juliana explains the importance of getting pre-approved for a mortgage and how brokers can help access multiple lenders. [00:21:21] Juliana and Tamara discuss the advantage of brokers' availability during negotiations and how it can benefit clients. [00:26:11] Juliana explains the minimum down payment required for a mortgage in Canada and the additional costs associated with purchasing a home. [00:27:35] Discussion on the five-year limit and the $500,000 limit for the first-time homebuyers' property tax exemption. [00:28:42] Breakdown of the costs associated with closing a deal, including legal fees, property taxes, and strata fees. [00:33:24] Importance of exploring options and seeking expert advice when renewing a mortgage, including adding a line of credit for future investments. Episode Resources: Juliana Wong | Website Juliana Wong | Linkedin

In this episode of "Real Estate for Real People," Tamara Stone and her husband Derek Moran discuss financial planning and real estate investing. Derek shares three $10,000 ideas for real estate investing and ownership, including bundling insurance policies, purchasing a last home within a trust, and allocating more of the mortgage debt to the rental portion of a duplex or multi-unit property to maximize tax deductions. He also emphasizes the importance of shopping around for insurance and getting quotes from different providers to save money on premiums. Tamara and Derek also discuss the importance of tenant's insurance and encourage listeners to sign up for Derek's optimism newsletter. Derek Moran is the owner and founder of Smarter Financial Planning in Kelowna BC. He has worked in the financial industry for over 26 years and is a regular contributor to the Globe and Mail, National Post, FP Magazine and many others. His goal is to provide unbiased, comprehensive, high quality information to clients so they can make informed decisions. He specializes in financial planning in the truest sense, hourly-based, objective and qualified advice, retirement, and tax & estate planning advice. What we discuss: [00:04:57] Derek shares his first $10,000 idea, which is to shop around for house insurance and life insurance to find the best rates. He recommends using companies like Mola Monex or Sonnet to get binding quotes quickly. [00:07:31] Derek briefly discusses mortgage insurance, which is just life insurance. He advises against getting it from the bank and instead recommends getting simple term insurance for the shortest term possible, as it is much more cost-effective. [00:01:25] Derek explains his job as a comprehensive financial planner, focusing on when clients can retire and what it will take to get there. He also touches on other areas such as tax reduction, life insurance, and debt repayment. [00:08:46] Derek and Tamara discuss the ideal term for life insurance and the importance of keeping costs down while still having adequate coverage. They also talk about the drawbacks of mortgage insurance and the benefits of having a simple term 10 coverage. [00:15:59] Derek suggests setting up a trust to avoid probate when downsizing and retiring to a smaller place. He explains the benefits of having an alter ego trust for single individuals and a joint partner trust for couples. [00:14:52] Derek advises checking into paying insurance premiums once a year instead of monthly, as it can save up to 5-8% on life insurance costs. He also suggests consulting with a tax professional about having life insurance owned and paid for by a corporation for tax benefits. [00:16:51] Derek explains how setting up a trust for your last home can save you money on probate fees, but also adds complexity to your life. [00:20:05] Derek suggests allocating financing for rental properties differently to maximize tax deductions, potentially saving thousands of dollars. [00:24:15] Derek recommends getting separate mortgages for the rental and personal sides of a duplex, paying off the personal side first and renting it out quickly, while paying off the rental side as slowly as possible. [00:26:11] Derek shares how he was able to get tenants insurance for his daughters for only $4 a year, saving them $600. Episode Resources: Derek Moran | Website  Derek Moran | Linkedin Derek Moran | Facebook  To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Do you want your dock to be a piece of art you will have for a lifetime? This week The Stone Sisters interview Mike Doiran and Nick Yaskiw from Burton Marine Pile Driving, one of the largest pile driving companies in the Okanagan that has been in operation for over 20 years. They have three barges, 20 employees, build around 50 residential docks a year and also build commercial marina complexes across Canada and the US.  In this episode, Mike, Nick, and The Stone Sisters talk all things dock related. Mike and Nick walk us through the process of applying to build a dock and the challenges people face within that process. They stress the importance of really understanding the legislation when it comes to lakefront properties to know what you are really buying. This includes whether your property has issues such as being located in spawning zones, which means you may have problems building a dock. They discuss the rough cost of building different types of docks, what materials work best over time, and what happened to floating docks. Mike and Nick share their thoughts on the changes in the lake in the last 50 years and how that has affected current legislation.  To learn more about The Stone Sisters or to get in touch, visit www.stonesisters.com Want to connect with Burton Marine Pile Driving? Check out the website Follow them on Facebook , Instagram , and Linkedin Call the Office at 778 755 6600 Email info@burtonpiledriving.com  To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Now might be the time to get into financing commercial projects, but maybe not the way you thought.  This week The Stone Sisters sit down with Nick Renton from William Wright Commercial Real Estate Services. He joined William Wright because they have the most dedicated offices of any commercial brokerage in BC. They have offices located in many different regions so that they can be actively involved in and connect different markets. Nick comes from a background in business and commercial banking, which gives him a unique and strong depth of experience that he can provide to his customers.  In this episode, Nick and The Stone Sisters talk about what is currently affecting the number of leasing transactions vs purchases of new commercial spaces in the Okanagan. They chat about what changes this is bringing to our downtown commercial areas, and how they see those areas moving forward. Nick shares his perspective on financing commercial projects and gives some tips on how people can get into the market right now. The group also chats about how rent hikes look in residential and commercial real estate; specifically, how the cap rate of commercial real estate fits in. Nick brings more clarity to this topic by comparing the commercial cap rate system to GIC's and rates of return.  To learn more about The Stone Sisters or to get in touch, visit www.stonesisters.com Want to connect with Nick?Check out the website Reach him directly at 778 584 5308 To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Have you ever wondered what really goes into the appraisal process of your home? This week The Stone Sisters sit down with Chris Roworth, a local appraiser with Okanagan Appraisals, a longstanding and reputable company in the Okanagan Valley of British Columbia, Canada. He has 23 years of experience and has appraised 20-25 thousand homes in his career.  Chris is a designated member of the Appraisal Institute of Canada (AIC) and an associate member of the Okanagan Real Estate Board (OMREB).  In this episode, Chris walks us through the appraisal process and outlines what is involved in an appraisal that's done correctly. He sheds some light on how the value of appraisals are like stocks, they can trend up or down depending on the market. He and The Stone Sisters talk through what they see affecting the current market and Chris shares what that has meant for his business. He also outlines what determines the value of a home and gives specific examples for homes with suites, lake views, and pools.  To learn more about The Stone Sisters or to get in touch, visit www.stonesisters.com Want to connect with Chris? Check out the website  To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Are you considering buying lakefront property? In this episode, The Stone Sisters sit down with Patrick Tobin, senior authorization officer with the ministry of forest. He has worked for the ministry for 25 years, protecting the Okanagan waterfront and managing provincial/crown land business lines. He and The Stone Sisters dive into the process of obtaining licenses and permits when buying waterfront properties with existing docks, or before adding a dock to your property.  Patrick outlines the pieces of legislation that affect your ability to have a structure on the lake, The Land Act and The Water Sustainability Act. Another piece of the puzzle is Common Law, which for example, includes your right to deep water accessibility on your property, which is useful for dock extensions. He also sheds some light on the Kokanee salmon colour code zones and how those zones can affect your property. Patrick and The Stone Sisters talk through the fine details of what your first steps in building a dock are, and what your role is when buying a property with an existing dock. Finally, Patrick shares some useful online resources for people looking for more info, Okanagan Large Lakes Foreshore Protocol and Private Moorage To learn more about The Stone Sisters or to get in touch, visit www.stonesisters.com Want to connect with Patrick?Send questions to fcbcfernon@gov.bc.ca To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Another episode all about the current state of the market!  Shannon and Tamara give you an update on the state of the market after the first month of 2023. They outline what they're seeing right now in the market, how 2022 finished out, and they'll do a comparison of today's market to recent years. Tamara starts by comparing last year's real estate stats to those of 2019—their similarities will surprise you. She'll outline why she believes the Kelowna real estate market is still very healthy and will only keep growing. Shannon then compares 2022 stats to 2021. The Sisters illustrate how what you're reading in the newspapers or hearing in the media does not accurately reflect the actual statistics of real estate right now. To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Have you heard about the new rental restrictions that have been lifted in BC?  In this episode, the Stone Sisters sit down with James Rayburn, a residential property manager at Associated Property Management in Kelowna. James works with strata and short-term rental properties and has over 440 tenants under his umbrella of properties. The sisters and James discuss the recent changes to the rental industry and James gives his expert advice on which types of investment properties are the best to buy in this market. James outlines the two new rental restriction removals—stratas are no longer allowed to impose rental restrictions on their units and age restrictions that allowed 55+ communities are also no longer in effect. James explains why the BC government chose to remove these restrictions and what this means for BC renters and property investors. The Stone Sisters and James talk about why it's now so important to hire a property manager for your investment property to ensure you have an expert in your corner. Want to connect with James? Head to the Associated Property Management website. To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Thinking of getting a pool in 2023? This episode is for you! In this episode, the Stone Sisters sit down with Cam Laker,  co-founder and co-owner of Purely Pools in the Okanagan. Cam started this business last summer with his two business partners and it's already been a huge success. Cam gives an overview of the pool industry in Canada, and reveals that Kelowna has the highest pools per capita out of any city in Canada. Cam explains what makes their process at Purely Pools stand out in the industry. He goes through the steps that it takes to create a pool in the Okanagan, and outlines different problems that can arise throughout the building process. Cam shares all the questions you should ask your pool builder before hiring them. The Sisters and Cam talk about the new trends they're seeing in the pool industry in 2023. Want to connect with Cam and the Purely Pools team?  Check out their website.  Follow them on Instagram and Facebook. To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Wondering how the new real estate laws will affect the BC market?  In this episode, The Stone Sisters sit down with Alison McLeod, a partner at Doak Shirreff—one of Kelowna's full-service legal firms. Alison's areas of practice include both real estate law and business law, with a focus on commercial and residential real estate. The Stone Sisters and Alison discuss all the latest updates in the real estate industry since the beginning of 2023 and what people need to take into account from a legal standpoint. This episode examines the foreign buyers ban, the rescission period regulation, and the new anti-flipping tax. Alison outlines what the foreign buyers ban means for the real estate market in Kelowna. She explains the ins and outs of this new law, and dives into some of the potential pitfalls that people need to look out for. The Sisters and Alison reveal why it's important to proceed cautiously with all the new real estate laws that were put into effect, and why now more than ever it's important to consult legal counsel when it comes to complex real estate transactions.  Want to learn more about Alison? Read her bio on the Doak Shirreff website. Head to her LinkedIn.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

This episode is all about the current state of the market! Shannon and Tamara share their ‘insider information' on the current real estate market in the Okanagan. They talk about how there appear to be 2 current sweet spots in the market right now and what price point homes are selling for in those two sectors. The Sisters chat about how it's now realistic to buy a single-family home in the Okanagan for under $1 million— something that might not have been so easy just a few short months ago. They define what ultra-luxury and ultra-ultra-luxury homes are and how many have sold in recent months in the Okanagan— the number may surprise you. Tune in to get the latest updates from Kelowna's top realtor sisters!To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Would you ever consider making a bold move to a new city?In this episode, The Stone Sisters sit down with Kingsley Ma, executive director of ReMax Western Canada. Kingsley is a close friend and colleague of the Sisters and an exceptionally knowledgeable expert in the real estate space. The Sisters and Kingsley discuss the current market and what they expect for ReMax Canada over the next several years.  Kingsley and his family recently moved to Kelowna and he has lots to share about his experience leaving the big city. He talks about the struggles he and his wife faced when they first considered leaving their hometown of Vancouver, and why they're now happy they stood strong on their decision. Kingsley explains why Kelowna is the perfect place to raise children. The Sisters ask Kingsley to share his experience with real estate when he first moved, and he reveals why he chose to rent first. Kingsley expands on the differences in home affordability in Kelowna vs. Vancouver in today's market.Want to connect with Kingsley?Check out his LinkedIn.Follow him on Twitter.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Are you looking for a way to make your home more energy efficient while also cutting costs?In this episode, The Stone Sisters interview Stuart Yanow, president of Geotility. Geotility specializes in solar and geothermal installations. Stuart and his team recently worked with Tamara to install solar panels in her home. Stuart talks about his background as a mechanical engineer and how he got into the solar industry. The Stone Sisters ask Stuart to answer the number one question they hear people ask about solar panels. Stuart explains why the style and location of your home matter when considering solar panels. He reveals how long it takes for solar panels to pay for themselves and how they can affect property values. Stuart outlines why solar panels have the best ROI of anything else in your home. The Sisters and Stuart discuss the term ‘Net Metering' and how this is especially beneficial for homeowners in the sunny Okanagan. He runs through the advancements he expects for the solar and geothermal industry in the next 5 years in Canada.Want to connect with Stuart?Check out Geotility's website.Head to his LinkedIn.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Have you ever wondered what could be hiding in your home?In this episode, the Stone Sisters sit down with Murray Klingbeil, home inspector at AmeriSpec Inspection Services in the Okanagan. Murray has been inspecting homes for over 30 years and has over 11 thousand home inspections under his belt. Shannon and Tamara's parents used Murray for their home inspections and 30 years later the Sisters are doing the same with their clients. The Stone Sisters and Murray chat about all the people who bought homes without home inspections in the last few years and why this is so problematic. Murray explains why it's a smart move to get a home inspection even after you've bought a home. Murray and the Sisters discuss the risks of purchasing older homes. Murray outlines the top 3 scariest things you can discover in a home inspection. He runs through how much it can cost homeowners to get rid of problem materials in their homes, as well as the added costs and risks that come with renovating an older home. The Stone Sisters and Murray talk about how home grow ops can be one of the most devastating things for a home's value— a kiss of death that's hard to come back from for many homeowners. Want to connect with Murray?Check out his LinkedIn.Head to his website.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

It's been 15 months of The Stone Sisters Real Estate For Real People Podcast! With 39 episodes on our belt, we want to thank you all for listening to us and for coming along on this incredible ride. We've covered many topics so far and now we'd like to turn the mic over to you…Before we hit episode 40, we want to know: What would you like to hear from us next? Have questions about real estate, working with family, or interior design? You name it! Send any and all questions our way and you might just see your idea covered in our next episode. Here's how you can send us your questions or topic ideas:Email: info@stonesisters.comCall or Text: 250-862-7675Send us a DM on InstagramTo learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Are you planning on moving to a new city sometime soon?In this episode, The Stone Sisters share their top tips for those considering moving to a new city. From finding a good realtor to visiting the area prior to making the big decision, Shannon and Tamara's tips will help ensure that the decision you make is the best one for you and your family. Tune in to hear all their expert tips! To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

“Just get in. That's what it comes down to. Just get into the market.” - Kelsey FranciscoIn this episode, The Stone Sisters sit down with Kelsey Francisco, one of the realtors at RE/MAX Kelowna Stone Sisters. Kelsey has been working with Shannon and Tamara for 3 years and has been in real estate for 4 years. She grew up in a real estate family so it was always a huge part of her life, though she never expected to get into this field herself. Kelsey shares the story of how she went from having a degree in Psychology and working as a behaviour interventionist, to becoming a phenomenal realtor in Kelowna. Kelsey explains how her psychology training has helped her as a real estate agent. She describes the typical buyer persona she works with and what they typically look for in a home. Kelsey talks about the growing trend of buying a house or condo to use solely as an Airbnb. She outlines what factors are most important to consider when buying for this reason. Kelsey recognizes that there are hoops you need to jump through when running an Airbnb but when looking at how lucrative they can be, she believes it's all worth it. Want to connect with Kelsey?Follow her on Instagram and Facebook.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Ready to learn all the tips and tricks for getting the best mortgage for YOU? In this episode, The Stone Sisters sit down with John Antle, a mortgage specialist located in Kelowna, BC. John is one of the most recognized and trusted mortgage brokers in Kelowna, and with over 13 years of experience in the business, he's skilled at finding a mortgage solution perfect for your needs. John talks about his extensive experience in financial planning, investment consulting, and mortgages. He describes how he transitioned from being an investment advisor back in 2007 to building his own mortgage business in 2010. The Stone Sisters ask John to outline what he's seeing in the mortgage industry— including what the big banks are up to. He explains the major differences between working with a registered mortgage broker vs. working with a bank. John runs through the most important questions to ask your mortgage broker before working with them. Shannon and Tamara ask John the burning question in the real estate industry right now: What is happening with current rates and where does he predict rates going? Want to connect with John?Head to his website.Follow him on Facebook and Twitter.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

How would you like the inside scoop on the bustling vehicle industry?In this episode, The Stone Sisters sit down with John Kot, founder of Kot Auto Group. Kot Auto Group has been a family owned and operated business since 2011, with dealerships in the Okanagan, Lower Mainland, and Vancouver Island. John shares the inspiring story of how he first got into the car sales business at the young age of 17 and how he grew the business to what it is today. He opens up about what it's like to run a family business and the struggles that can come when you are both boss and parent. The Sisters and John discuss the significant changes in the vehicle industry over the past few years. John reveals how online shopping has affected the dealership business. He runs through the current inventory struggle facing dealerships worldwide and what this means for vehicle prices. Shannon and Tamara ask John to explain his philosophy on being a good leader and a good salesman. Just as easily as he could sell a car, John sells listeners on why him and his family chose to call Kelowna home. Want to connect with John?Check out the Kot Auto Group website.Follow him on Instagram and YouTube.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Tune into this episode to learn about Kelowna's latest real estate opportunities!In this episode, The Stone Sisters sit down with Randy Shier, president of Mission Group— one of the most well respected real estate development companies in the Okanagan. Mission Group is committed to building it forward to create inclusive communities where all residents can thrive. Randy tells the story of how Mission Group was first created by him and a group of friends when they were in their mid 40s— fast forward 17 years later and they've built a company that will continue to make an impact beyond their lifetimes.The Sisters and Randy talk about the danger of following trends in real estate. Randy explains why his company is always on the lookout for niche markets where they can become a market leader. Shannon and Tamara ask Randy to describe one of Mission Group's latest and most exciting projects, Aqua Waterfront Village in Kelowna. The extensive amenities included in this new build will surprise you! Want to connect with Randy? Check out the Mission Group website.Follow Mission Group on Instagram and Facebook.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Looking to begin living a healthier lifestyle but not sure where to start?In this episode, The Stone Sisters sit down with Tracy Steen from Move Daily Fitness, a collection of online fitness programs that empower women to sustain a healthy lifestyle for the long haul. Tracy has been a personal trainer for over 13 years. Before she explored the fitness world, she was a marriage and family therapist. Because of this, Tracy looks at training through the lens of psychology, where she takes a 360-degree approach to wellness. Both sisters use Tracy's workout programs weekly— she's been Shannon's trainer for over 5 years. Tracy shares the story of how she first started her business and the steps she took to grow it to the successful online empire that it is now. Tracy outlines her expert tips for staying fit after 50 and how to approach menopause with a healthy mindset and body. She explains a strategy called ‘habit linking' that can increase the likelihood that a new habit sticks. The Sisters and Tracy talk about the many exciting things on the horizon for the  Move Daily Fitness program. Want to connect with Tracy? Follow her on Instagram, Facebook, TikTok, and Youtube. To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Tune into this episode to hear The Stone Sisters dispel myths that the market is headed for a complete downturn! In this episode, The Stone Sisters examine the current state of the real estate market— and why they don't believe all the doom and gloom everyone's reading in the news. They stress the importance of investigating and doing proper research before taking everything read in the media as fact. The Sisters explain why they look at 5 years trends when making market predictions and they use the state of the market in 2016 as an example. The Sisters discuss the new mandatory waiting period going into effect in January of 2023 and the impact they expect it to have on the market. Shannon opens up about her own recent experience buying and selling in the Okanagan this year— and why she doesn't regret buying. Shannon and Tamara talk about why you'll find realtors moving a lot themselves and how these experiences can benefit their clients.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

In this exciting episode, The Stone Sisters interview Justin J. Moore, the founder and CEO of Podigy Podcasts— the incredible team behind the production of Real Estate For Real People. Justin is also a phenomenal singer, songwriter, and music producer. The Stone Sisters ask Justin to explain what it's like to survive in the Okanagan rental market in your early 20s. They dig deep into some of the most difficult situations facing young renters in Kelowna right now. Justin describes the unique tactic that scored him and his roommates their most recent apartment, even when there were over 100 other applicants! Justin shares the inspirational story of how he leveraged the power of the digital world to create valuable connections and ultimately, make enough money to leave college. He outlines how he created multiple revenue streams using the Fiverr app, which allowed him to fully pursue his passions in the music industry while making connections that would change his life— he even met his future wife through this app! Want to connect with Justin?Follow him on Instagram.Follow Podigy Podcasts on Instagram.Connect with Podigy Podcasts on their website.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Always wondered about Vancouver's steep real estate prices? In this episode, The Stone Sisters interview Pam Allen, an award-winning real estate agent based in Vancouver. Pam grew up in the prairies and was an integral part of the real estate market in Regina for 21 years before deciding to swap 40 below weather for sunshine and cherry blossoms in Vancouver, BC.Pam gives us a thorough breakdown of the different neighbourhoods in Vancouver, and the current prices and availability of homes in each area. The Stone Sisters and Pam talk about the various transportation options available to commuters in the Greater Vancouver area and how this can have a positive effect on a buyer's housing options. Pam gives us a rundown on new development projects in Vancouver and how they may affect the quality of life for residents. Want to connect with Pam? Head to her website.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Tune into this episode for the latest inside scoop on the Okanagan real estate market! In this episode, The Stone Sisters share their exciting monthly update on the Okanagan real estate market. They talk about the Bank of Montreal's recent estimation of price drops and explain why they don't agree. Shannon and Tamara compare this year's stats to the 2019 pre-pandemic real estate stats and illustrate why they consider the current market to be a ‘healthy market', despite the uncertainty being discussed in the media. The Sisters give their expert advice to both buyers and sellers in this market— there's immense opportunity on the horizon for both! To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Have you ever considered making a move to the Island? In this episode, The Stone Sisters interview Dawn Setter, an experienced real estate agent based in Qualicum Beach on Vancouver Island. The Sisters and Dawn talk about the current state of the real estate market on Vancouver Island and how it differs from the Okanagan market. Dawn shares the biggest shift in the market she's witnessed this summer and how it could greatly impact buyers looking to move to the Island. Shannon and Tamara ask Dawn about the demographic trends of Qualicum Beach and how she's seen these trends impact real estate. Dawn compares the Qualicum Beach market to another small town nearby, Parksville, and explains the benefits and drawbacks of both markets. Dawn describes the never-ending list of benefits to living ‘The Island Life' and she illustrates why she's grateful her family made this move years ago. Want to connect with Dawn?Head to the Setter and Associates website.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

How could YOU make a larger impact on your environment?In this episode, The Stone Sisters interview Terry-Lynn Hemmerling, a local Kelowna resident committed to leading an eco-conscious life. Terry-Lynn is a trained educator who worked for school district 23 in Kelowna for years, but after feeling the grave effects of burnout, started looking for a new way to leave a positive impact on her community. Terry-Lynn shares the story of the beautiful 2-acre property she bought in the Okanagan and how she turned it into a “Food Forest”. Shannon and Tamara ask Terry-Lynn to explain the benefits of a “Food Forest” and how creating these on our own properties can benefit whole ecosystems and communities. Terry-Lynn describes the benefits of permaculture and how applying its techniques allows us to work in synergy with nature. The Sisters and Terry-Lynn talk about environmentally forward homes and small things we can do to make our properties more sustainable. To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Are you feeling apprehensive about the current state of the market? In this episode, The Stone Sisters talk about the trends they're seeing in the market right now. They address some of the speculation that has been circulating and explain why they're NOT worried about where the market is heading. They outline the numerous benefits that occur in a slower market— for both buyers and sellers. As the extreme pandemic prices start to cool, the sisters describe what they expect to see for a newly balanced market in Kelowna. To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Are you living your life to the fullest today, while still preparing for your future?In this episode, The Stone Sisters sit down with Dustin Serviss— owner of Serviss Wealth Management and the host of The Picture Of Wealth podcast. Serviss Wealth Management is a firm with offices in both Kelowna and Salmon Arm, BC that provides innovative business and life advice. Dustin describes his background and how he first got into the wealth management space. He shares the inspiring motto that he lives by— living more of your life now while still being responsible for your future— and he illustrates how he supports his clients in achieving this lifestyle. The Stone Sisters ask Dustin about the different avenues of his business and why each avenue is vital to successful wealth management. Dustin outlines the different tools he uses to help his clients hone in on their goals for their wealth and their life. The sisters and Dustin talk about the struggles that can arise when spouses attempt to make financial or real estate decisions together. This episode also includes a conversation about the exciting world of cryptocurrency and how Bitcoin can be used in real estate. Want to connect with Dustin? Follow him on Instagram and Facebook. Head to his website.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Have you ever had your home tested for harmful contaminants? In this episode, The Stone Sisters sit down with Michael Charters— manager of field operations for EPOC Environmental Consulting in the Okanagan. EPOC provides specialized services to ensure the health and safety of homeowners through inspection, material identification, and risk assessment of hazardous materials. Michael outlines the history of EPOC and describes their vital and commendable mission to support homeowners in living in a contaminant-free environment. Michael shares the terrifying stories of what he's uncovered while inspecting homes in the Okanagan. He explains the different contaminants they deal with and what to look out for to avoid the negative effects of living with these harmful substances. Michael stresses the importance of ensuring you deal with contaminants in the right way to ensure the health and safety of you and your family.Want to connect with Michael? Check out the EPOC website. Follow EPOC on Instagram and Facebook.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

How would you like to get an inside look into the Okanagan's economic development? In this episode, The Stone Sisters sit down with Krista Mallory— manager of the Central Okanagan Economic Development Commission (COEDC). Krista shares the story of why she decided to call Kelowna home in 2006 and how she worked her way up to such a prestigious position. She explains the role the COEDC plays in the Central Okanagan and how they support a healthy and sustainable community and economy. Shannon and Tamara ask Krista to give an informed comparison of the Okanagan economy with other growing communities in BC. Krista reveals one of the fastest growing industries in Kelowna and how this industry will open up opportunities for incredible careers. The Stone Sisters and Krista talk about the different start-up costs for businesses in Kelowna vs. other cities in BC and Krista illustrates why the Okanagan is such a great spot to start a new venture. Want to connect with Krista?Check out her LinkedIn.Head to the COEDC website.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Are you feeling hopeless due to the lack of affordable housing in BC? In this episode, The Stone Sisters sit down with Renee Merrifield, CEO of Troika Developments and an MLA for Okanagan-Mission. Troika is focused on building sustainable communities— both environmentally and economically. Renee shares the story of why and how she first started her phenomenal company. She opens up about some of the struggles she faced as a female entrepreneur in the late 1990s. The Stone Sisters and Renee examine the ever-changing landscape of Canadian politics and Renee describes what first attracted her to this industry. They discuss the current affordable housing crisis and how the economic climate is affecting real estate. The Stone Sisters get Renee's political take on the current ‘cooling off' period in BC.Want to connect with Renee?Follow her on Twitter, Instagram, and Facebook.Check out her website and the Troika website. To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Have you ever considered moving to a new city?In this episode, Tamara is joined by one of her partners Sharon and one of their past clients Tracy. Tamara asks Tracy to share her story of moving across the country from Ontario to Kelowna. Tracy outlines the rumours she heard about Kelowna and what enticed her and her husband to decide to call this sun-filled city home for good. They talk about the many perks of living in the Okanagan and the variety of real estate opportunities available to newcomers. Tracy opens up and shares her words of wisdom for making big life changes. To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Have you ever wondered how urban planning differs across Canada?In this episode, The Stone Sisters sit down with Martin Bell, the CEO of Urban Systems— a consulting firm that prides itself on building communities that are safe, sustainable, and prosperous. Martin and the Urban Systems team work with both local governments and indigenous communities on urban planning and development. Martin shares Urban Systems' inspiring story and explains his role in this cutting-edge company. The Stone Sisters ask Martin to describe what he's seeing in the Canadian real estate market and how the market differs across the country. They discuss how needs and wants in real estate differ between generations— which affects real estate trends. Martin gives his projection for where the Kelowna real estate market will be in 2040. Want to connect with Martin?Follow him on Twitter and LinkedIn.Check out the Urban Systems Website.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Ready to get the inside scoop on the Okanagan real estate market? In this episode, the Stone Sisters divulge the unique opportunities available in the ever-changing Okanagan real estate market. They discuss the benefits of purchasing an older home in need of renovations and how this type of purchase affects buyers. The sisters consider the growing market for condos and the various opportunities they hold for buyers. They explain how GST is applied differently in new and used housing. Shannon and Tamara discuss the benefits and the drawbacks of building a new house from the ground up. They explain the competitive property ladder and why they urge everyone to get in on the market in whatever way they can. The sisters share their expert tips for first time home buyers and what they'd recommend when first entering the market.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Are you a buyer riding the waves of the current real estate market? In this episode, the Stone Sisters share their expert tips when it comes to winning in a multiple offer situation. As multiple offers continue to be a trend we see across the country, Shannon and Tamara urge you to consider how you can give yourself a competitive advantage and stand out amongst the sea of buyers. They share fun, unique, and memorable ways for buyers to make their offer attractive, without paying more. The sisters consider the risk of going in under asking in this current market. They'll also discuss the current trend of non-conditional contracts and why they'd veer away from an agreement like that. Shannon and Tamara talk about deposits, why they're important in securing a real estate deal, and how much of a deposit you should expect to put down.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

What makes a luxury home?In this episode, the Stone Sisters define what a luxury home is in today's market. They explore the above-average features buyers should expect when viewing luxury homes in the Okanagan—from vast square footage and hidden appliances, to high-end finishings and more. The sisters also discuss the soaring price range to expect when you're in the market for a luxury home. They explore how the concept and cost of luxury has shifted over the years. To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Ever wanted to own on the water? In this episode, Shannon and Tamara discuss everything you need to know about waterfront property. They share 5 vital things for buyers to consider when it comes to waterfront property, specifically in Kelowna. Shannon and Tamara list the 4 different types of zones along Okanagan Lake and what this means for property owners. The sisters explain the differences between government property and personal property. Shannon and Tamara talk about the Okanagan flood zones and which areas of Kelowna need to worry most about flooding. The sisters think back to Kelowna's grave experiences with flooding over the past few years. They discuss the ecological factors to consider with flooding and how it affects wildlife. The sisters share the level of flooding they expect to see in the Okanagan this year and how it will affect property owners. To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Wondering what the next big interior design trends are? In this episode, The Stone Sisters interview Trisha Isabey, owner and interior designer of Isabey Interiors in Kelowna, BC. Isabey Interiors is an award-winning design company that specializes in both residential and commercial projects. Trisha talks about her background in the finance world as a stockbroker and why she changed directions and started her interior design business. The Stone Sisters ask Trisha to share upcoming design trends and what trends she expects to be on the way out in 2022. Trisha lists the pros and cons of being on trend when it comes to interior design and how different designs can affect the market value of your home. Trisha explains the psychology behind design choices and how different design techniques can have a positive effect on mental health. Trisha dives deep into what she recommends you prioritize when remodelling your home and she shares the number one thing she would invest the most money in. Want to connect with Trisha?Head to her website.Follow her on Instagram, Facebook, and Twitter.Connect with her on LinkedIn.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

The Stone Sisters Are Back With Episode 14 of Real Estate for Real People! In this episode, the sisters interview Michael J. Ballingall, Senior Vice President of Big White Ski Resort in Kelowna, BC. Michael has been an integral part of growing Kelowna's hospitality and tourism industry and making Kelowna the top tourism destination that it is today. Michael talks about his background and how he began his exciting career at Big White Ski Resort. Shannon and Tamara ask Michael to share the unique history of Big White and how it played a part in making Kelowna's development what it is today. Michael gives us an inside look into what truly makes Big White special in comparison to other well-known ski resorts. The Stone Sisters and Michael discuss the expansion of Big White and what Michael envisions for its future, and what this means for the future of Kelowna.Want to connect with Michael?Head to his LinkedIn.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com

Have you been wondering where the Kelowna real estate market is headed?In this episode, The Stone Sisters give their expert insight into the Kelowna real estate market. They share their predictions for where it's heading and whether they see a housing crash in the near future. They'll also discuss the current mindset of buyers and how this affects the market.Shannon and Tamara talk about Kelowna's official community plan and how this will guide the future of the city's developments. They discuss prebuilds, assignment fees, and the current availability of condos in the city. The sisters stress the importance of getting your foot in the door, even if it means buying a home that doesn't check all the boxes but that gives you a strong real estate investment.To learn more about the Stone Sisters or to get in touch, visit www.stonesisters.com